this post was submitted on 27 Sep 2024
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Thank you very much, i forgot about privatizations, and initially thought you were talking about brand new industries 100% paid by the state immediately given to foreign hands(, the steel mill factory in Silesia being built in the 70s).
But yeah, it could have brought a lot of money to the state coffers instead of the same foreign capitalist hands. Our public workers have(had) better salaries and working conditions than private ones in France, and it's strangely used as an argument against public enterprises rather than against private enterprises. We're quick to say that these better conditions means higher prices(, but higher salaries means being able to buy at higher prices anyway), yet we'll ignore that higher dividends also mean higher prices, and public enterprises usually have zero dividends as well as fewer salary gaps.
Well, in any case, that was informative, and i didn't know about the gift of japanese state-owned enterprises to the zaibatsus, thanks !